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BRIEF-General Biologicals to issue new shares for operating funds enrichment
October 13, 2016 / 6:56 AM / a year ago

BRIEF-General Biologicals to issue new shares for operating funds enrichment

Oct 13 (Reuters) - General Biologicals :

* Says it will issue 10 million to 12 million new shares of its common stock with par value of T$10 per share and issue price at T$25 to T$30 per share

* Says 10 percent of the new shares to be offered to the company’s employees, 90 percent of the new shares to be offered through public offering

* Says the proceeds will be used to enrich operating funds

Source text in Chinese: goo.gl/KiIIFq

Further company coverage: (Beijing Headline News)

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